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FairFuelUK calls for government to follow France and cut fuel prices

  • 29 August 2012
  • By Chris Druce

FairFuelUK (FFUK) has called on the UK government to mirror France and make an immediate cut to fuel duty.

France has temporarily cut the price of fuel by up to six cents, with the government shaving three cents a litre from fuel duty, and oil companies agreeing to charge three cents a litre less.

Quentin Willson, national spokesman for FFUK, says: “We’re being embarrassed by the French! The UK has been in recession for ages, yet getting our government to recognise the damage to our economy of rising fuel prices has been as easy as translating Proust.

“But as soon as the French see their economy crashing, they act with speed to control the economic damage of expensive fuel. Our fuel costs are even higher than France’s yet we still do nothing to lower duty.”

FFUK commissioned the Centre for Economics and Business Research (CEBR) to produce a report highlighting the economic benefits a fuel duty cut would confer, earlier this year.

Peter Carroll, founder of FFUK, says: “In the CEBR report, our findings suggest that a 2.5p reduction in fuel duty would result in the creation of thousands of jobs. Such a reduction, we estimate, would not result in any fiscal loss to the government and GDP would receive a boost of 0.32% within a year.”

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Article source: http://www.commercialmotor.com:80/latest-news/fairfueluk-calls-for-government-to-follow-france-and-cut-fuel-prices